Tuesday Women’s financial power increasing: Report

Chinese women’s financial power is growing with nearly 60 percent controlling and managing the family finances, a report said.

The 2016 Women Financial Management Report examining women’s consumption, asset size and financing preferences is based on 10,000 valid questionnaires.

The report gives a portrait of a typical woman in charge of her finances: 25-35 years old, financially independent, living in first-tier cities or coastal cities in southeast China.

The report shows that the more women earn, the larger a say she has in the family’s financial management.